Quotes of the day

It looks like we've gone from a world where only Harvard grads could vote, to one where all you need is passing grades in kindergarten.--Bryan Caplan

Colleges trumpet the statistic that, over their lifetimes, college graduates earn more than nongraduates, but that's terribly misleading. You could lock the collegebound in a closet for four years, and they'd still go on to earn more than the pool of non-collegebound — they're brighter, more motivated, and have better family connections.--Mark Nemko

Remember that "problem" of an increasing share of income going to the superrich? Most likely, it has been solved.--Greg Mankiw

... after adjusting the Census Bureau data for three key factors — inflation-adjusted median household income for most household types increased by roughly 44 percent to 62 percent from 1976 to 2006.--Terry Fitzgerald

I mean no disrespect toward Obama and McCain. But I'm sure I wasn't the only one who watched the candidates debate and thought, "Out of a nation of 300 million, this is the best we can do?"--Glenn Reynolds